Press Release
February 10, 2009
RedPrairie momentum continues throughout 2008
Reports nearly $300 million in revenue, over 15 percent year-over-year revenue growth, over 75 new customers, nearly 200 existing customer expansions
MILWAUKEE, Wis. – RedPrairie Corporation, a leading consumer-driven optimization company, announced 2008 revenues of nearly $300 million, revenue growth of over 15 percent, software license bookings growth of over 16 percent, and consistent solid profitability as compared to a record setting 2007. Additionally, the Company added over 75 new customers and helped nearly 200 existing customers expand their portfolio of solutions.
Mike Mayoras, the company’s president and CEO said, “RedPrairie sells software solutions that increase the productivity and efficiency of our customers’ operations. These solutions have the ability to be deployed in modular components, creating flexibility and allowing accelerated return on investment. In these challenging times, our solutions and methodology simply deliver more value, more quickly, than other IT initiatives.”
Mayoras added, "2008 closes the most successful year in the history of our company. By further increasing our revenues and profitability, we have created increased financial security to support our global clients. We are proud that our workforce, inventory, retail and transportation productivity solutions continue to be selected by some of the world’s largest companies and that we maintain the gold standard for providing a strong return on investment. We expect to continue to enhance our global market position, provide additional benefits to our existing customers and improve our financial results throughout 2009.”
In addition to revenue and earnings growth, other significant achievements during the year include:
- New customers and expanding relationships with Army & Air Force Exchange Service (AAFES), Access Business Group, Belspeed, Boston Market, Carphone Warehouse, Duane Reade, Finish Line, Ingram Micro, Levin Furniture, Loblaw, Materialogic, Norway Post, Quantum Foods, Schnuck Markets, Sheetz, Teva UK, Total Logistic Control, xpedx, and others
- Reaching the milestone of 30 percent revenue contribution from RedPrairie’s EMEA and Asia Pacific markets
- Over 100 “go-live” implementations including Blick Art Materials, Bob’s Discount Furniture, Davies Turner, Foster’s, Gaylord Entertainment, La Poste, Logiwiz, Merchant’s Terminal, Orefield Cold Storage, Sephora, Sony of Canada, Stanley Tools, and others
- Over 10 large contracts, each of which generated $1.0 million or more in software license revenue
- Product launches of RedPrairie’s E²e™ Business Process Platform and Collaboration Portal
- Additionally, significant new updates were made to the Warehouse Management (WMS), Workforce Management (WFM), Transportation Management (TMS), Retail Execution Management, Performance Management, and Site Operations solutions
RedPrairie is a privately-held company.
About RedPrairie Corporation
RedPrairie delivers productivity solutions to help companies around the world in three categories – workforce, inventory and transportation. RedPrairie provides these solutions to manufacturers, distributors and retailers looking to support business strategies that increase revenue, reduce costs and create competitive advantage.
With over 20 global offices and solutions that are installed at more than 34,000 customer sites in over 40 countries, companies trust RedPrairie workforce, inventory and transportation solutions to deliver an increase in productivity – with the flexibility to adapt as business needs change.
At RedPrairie, we understand today’s operational demands and we’re committed to delivering solutions that work. We’re committed to delivering solutions for the real world.
For additional information, call 1.877.733.7724, or visit RedPrairie.com.
RedPrairie is a registered trademark of RedPrairie Corporation.
E2e is a trademark of RedPrairie Corporation.
© 2009 RedPrairie Corporation. All Rights Reserved.
Other product and service names mentioned herein are the trademarks of their respective owners.
RedPrairie Public Relations Contacts:
NORTH AMERICA
Kari Janavitz
+1 262 317 2526
Kari.Janavitz@redprairie.com
UK
Emma Easterbrook
+44 1435 873 080
Emma@FieldworksMarketing.co.uk
NORDICS, MIDDLE EAST, AND AFRICA
Patrick Qureshi
+45 3263 0021
Patrick.Qureshi@RedPrairie.com
MAINLAND EUROPE
Luc Zanders
+31 40 2302532
Luc.Zanders@RedPrairie.com
ASIA PACIFIC
Fauziah Osman
+65 6521 9554
Fauziah.Osman@RedPrairie.com